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EPF Calculator

Calculate Employee Provident Fund corpus at retirement

EPF Details

Basic pay plus DA — not CTC and not gross.
12% is statutory. You may contribute more as VPF; the employer is not obliged to match it.
12% is statutory — but 8.33% of it is diverted to EPS, so less than you might expect reaches the fund.
Declared annually by EPFO.
From your EPFO passbook. Leave at 0 to project from your first contribution.
Extra % of basic on top of your 12%. It earns the EPF rate; the employer does not match it.

EPF & EPS contribution rules — set by Employees’ Provident Fund Organisation. Last verified .

The statutory 12% employee and employer contribution, the 8.33% diversion to the Employees’ Pension Scheme and the ₹15,000 wage ceiling that diversion is computed on. The interest rate is your input — EPFO declares it annually.

Check the source

EPF Corpus at Retirement

₹3,91,27,039

Total Contributed
₹1,10,34,381
Interest Earned
₹2,80,92,658

Excludes the EPS share, which buys a pension under a separate formula.

Where the money goes

Your contribution
₹57,64,592
Employer’s share reaching EPF
₹52,69,790
Diverted to EPS
₹4,94,802
Interest earned
₹2,80,92,658
Years to retirement
33
EPF corpus
₹3,91,27,039

Part of the interest becomes taxable

From year 27, your own contributions (VPF included) exceed ₹2,50,000 a year. Interest on the excess is taxable at your slab rate; the projection above shows it before that tax.

The 8.33% that does not reach your EPF

Of the employer’s contribution, 8.33% goes to the Employees’ Pension Scheme — and it is computed on wages capped at ₹15,000, not on your actual basic. On ₹50,000 that is ₹1,250 a month, ₹4,94,802 over your career.

It is not lost — it buys a pension — but it is not in the corpus above, and a calculator that counts the full employer 12% as EPF overstates the total by roughly a third.

Composition

Contributions₹1,10,34,381 · 28.2%
Interest₹2,80,92,658 · 71.8%

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How this is calculated

Formula

employer EPF share = employer% × basic − 8.33% × min(basic, ₹15,000)

basic
= monthly basic pay + DA
8.33%
= the share of the employer contribution diverted to EPS
₹15,000
= the statutory wage ceiling the EPS share is computed on

With your numbers

  1. 1Your contributionemployee% × basic12.0% × ₹50,000 = ₹6,000 a month
  2. 2Employer’s total contributionemployer% × basic12.0% × ₹50,000 = ₹6,000 a month
  3. 3Less the EPS diversion8.33% × min(basic, ₹15,000)8.33% × ₹15,000 = ₹1,250 a month, which goes to the pension scheme
  4. 4Credit interest and repeat8.25% a year on the running balance, with basic rising 5.0% annuallyover 33 years → ₹3,91,27,039, of which ₹2,80,92,658 is interest
EPF corpus at retirement₹3,91,27,039
  • The wage ceiling is the subtle part: the EPS share is 8.33% of ₹15,000, not 8.33% of your salary. Above a ₹15,000 basic, the EPS amount stops growing while your EPF keeps rising.
  • Interest is credited annually on the running balance by EPFO, which is what this models. Monthly accrual within the year is not projected separately.
  • The EPF corpus is tax-free on withdrawal after five years of continuous service. Withdraw earlier and both the contributions claimed under 80C and the interest become taxable.

What is EPF?

A statutory retirement fund for salaried employees, run by EPFO. You and your employer each contribute 12% of basic pay every month.

For most salaried Indians it is the largest single retirement asset they will hold — and the one they think about least.

Key points

  • • 12% employee + 12% employer of basic + DA
  • • 8.33% of the employer’s share goes to EPS, capped at ₹15,000 of wages
  • • Interest declared annually by EPFO
  • • Tax-free on withdrawal after five years of continuous service
  • • Transferable between employers via the UAN

Frequently Asked Questions

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Terms used here

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